Ritholtz Wealth Management Has $13.13 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Ritholtz Wealth Management boosted its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,318 shares of the company's stock after purchasing an additional 2,421 shares during the quarter. Ritholtz Wealth Management's holdings in Procter & Gamble were worth $13,130,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PG. Fiera Capital Corp grew its stake in Procter & Gamble by 1,135.1% in the second quarter. Fiera Capital Corp now owns 20,688 shares of the company's stock valued at $3,412,000 after acquiring an additional 19,013 shares during the period. Quest Partners LLC acquired a new position in Procter & Gamble in the second quarter valued at about $36,000. Cowa LLC grew its stake in Procter & Gamble by 8.2% in the second quarter. Cowa LLC now owns 2,646 shares of the company's stock valued at $436,000 after acquiring an additional 200 shares during the period. Brighton Jones LLC boosted its position in shares of Procter & Gamble by 3.0% during the second quarter. Brighton Jones LLC now owns 29,006 shares of the company's stock worth $4,784,000 after buying an additional 838 shares during the period. Finally, Ieq Capital LLC boosted its position in shares of Procter & Gamble by 13.2% during the second quarter. Ieq Capital LLC now owns 131,962 shares of the company's stock worth $21,763,000 after buying an additional 15,337 shares during the period. Institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research report on Thursday. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. UBS Group reduced their price objective on Procter & Gamble from $196.00 to $189.00 and set a "buy" rating for the company in a research report on Thursday. Stifel Nicolaus reduced their price objective on Procter & Gamble from $167.00 to $161.00 and set a "hold" rating for the company in a research report on Friday. Finally, Hsbc Global Res raised Procter & Gamble to a "strong-buy" rating in a research report on Friday, October 4th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and an average target price of $179.65.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares of the company's stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. This represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,439 shares of company stock worth $13,317,460. Company insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $0.85 during trading hours on Friday, reaching $161.35. 7,218,206 shares of the stock were exchanged, compared to its average volume of 5,628,331. The firm has a market capitalization of $379.98 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The Procter & Gamble Company has a 52 week low of $146.28 and a 52 week high of $180.43. The stock's fifty day simple moving average is $169.19 and its 200 day simple moving average is $169.38.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.83 earnings per share. Sell-side analysts predict that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble's dividend payout ratio (DPR) is currently 69.48%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.